Bullish Stock Soars 218% – Wall Street Finally Gets It (Or Is This a Joke?) 🐄💸

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Well, look who finally decided to play the game… Wall Street! Cryptocurrency exchange operator Bullish just made its NYSE debut and decided to throw a party with a 218% stock surge. Who knew institutional investors could be this… enthusiastic about crypto? 🤡

After weeks of speculation (because nothing’s more thrilling than watching a company fumble its IPO range), Bullish went public on Wednesday at $37 a share-because $32 to $33 was clearly “too safe” for a Wall Street crowd that lives for chaos. 💸

The stock, now trading as BLSH (because who *doesn’t* want to trade a ticker that sounds like “blush”?), hit an intraday high of $118.00. That’s right-218% above the IPO price. And they did it on 38 million shares. Because why not? 🚀

By afternoon, shares were still up 131% at $86, giving Bullish a $13 billion market cap. For context, they initially aimed for $4.8 billion. But hey, who needs *modest* goals when you can double your valuation overnight? 🤷♂️

Founded in 2021 as an “institutional digital asset platform” (code for “we’ll take your money and pretend to know what we’re doing”), Bullish expanded into crypto media in 2023 by buying CoinDesk for $72.6 million. Because nothing says “trust us” like acquiring the second-largest crypto publication and hoping no one notices the irony. Peter Thiel, the PayPal guy who once sold his company for a bunch of money, is now a proud backer. Progress! 🚀

Bullish tried to go public via a SPAC in 2021. Spoiler: it didn’t work. But hey, delays are just opportunities to wait for the *perfect* moment-like 2025, when crypto IPOs suddenly became the hot new thing. 🎯

Thanks to the Trump administration’s *amazing* regulatory moves (GENIUS Act, CLARITY Act, Anti-CBDC Surveillance State Act-because nothing says “innovation” like a name drop), crypto companies are now Wall Street’s new BFFs. 🤝

Mercuryo’s Peter Kozyakov summed it up: “Bullish is a regulated, institutional-grade company with strong governance. Not at all chasing hype.” Because who would *ever* confuse a 218% stock surge with hype? 🙃

And let’s not forget the IPO’s biggest buyers: BlackRock and ARK. Because nothing says “pro” like letting Wall Street’s oldest institutions fund your crypto party. 🎉

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2025-08-13 22:50